Teacher Retirement System of Texas boosted its holdings in Evergy (NASDAQ:EVRG) by 69.1% during the first quarter, Holdings Channel reports. The fund owned 320,895 shares of the company’s stock after buying an additional 131,116 shares during the period. Teacher Retirement System of Texas’ holdings in Evergy were worth $18,628,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc lifted its stake in Evergy by 0.7% during the third quarter. Vanguard Group Inc now owns 29,586,321 shares of the company’s stock worth $1,624,880,000 after purchasing an additional 198,253 shares in the last quarter. FMR LLC lifted its stake in Evergy by 16.7% during the fourth quarter. FMR LLC now owns 7,503,322 shares of the company’s stock worth $425,963,000 after purchasing an additional 1,075,097 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Evergy by 19.4% during the first quarter. Janus Henderson Group PLC now owns 4,057,234 shares of the company’s stock worth $235,523,000 after purchasing an additional 658,342 shares in the last quarter. Geode Capital Management LLC lifted its stake in Evergy by 6.4% during the fourth quarter. Geode Capital Management LLC now owns 3,525,405 shares of the company’s stock worth $199,800,000 after purchasing an additional 212,498 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Evergy by 4.7% during the fourth quarter. Northern Trust Corp now owns 3,200,681 shares of the company’s stock worth $181,703,000 after purchasing an additional 143,853 shares in the last quarter.
In other news, EVP Greg A. Greenwood sold 8,000 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $57.28, for a total transaction of $458,240.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Charles A. Caisley sold 2,632 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $57.57, for a total value of $151,524.24. The disclosure for this sale can be found here. Insiders have sold 15,632 shares of company stock worth $896,584 in the last ninety days.
Shares of Evergy stock traded up $0.34 during trading hours on Thursday, reaching $58.55. 4,528 shares of the company were exchanged, compared to its average volume of 1,789,185. Evergy has a 1 year low of $50.89 and a 1 year high of $61.10.
Evergy (NASDAQ:EVRG) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the prior year, the company posted $0.34 EPS.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, May 30th will be given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date is Wednesday, May 29th.
A number of research analysts have commented on EVRG shares. Bank of America upgraded Evergy from a “neutral” rating to a “buy” rating and set a $62.00 price target on the stock in a research note on Tuesday, February 12th. Zacks Investment Research cut Evergy from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $60.14.
Evergy Company Profile
Westar Energy, Inc engages in the generation, transmission and distribution of electricity in Kansas. It provides electricity to residential, commercial, and industrial customers in the cities of Topeka, Lawrence, Manhattan, Salina, and Hutchinson. The company was founded in 1924 and is headquartered in Topeka, KS.
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